Issue 20: 1st June 2015

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    Expedia exits eLong

    Expedia, which has spent the year so far making acquisitions, has sold its stake in Chinese online travel agent eLong for USD671m. Ctrip was amongst the buyers, as the M&A trend which has been sweeping the developed markets announced itself in China. The news was welcomed by the markets, with shares in Expedia rising by [...]
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    Hyatt edges closer to sharing

    Hyatt Hotels Corporation confirmed that it was “collaborating” with short-term luxury rental company Onefinestay. The news came as the hotel sector has been moving closer to the sharing economy, with Wyndham Worldwide announcing last month that it was using HomeAway for distribution. Hyatt has yet to confirm rumours that it took part in an investment [...]
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    ‘Bewilderment’ on German Booking.com move

    The Priceline Group announced that it would extend the rate parity agreements made with France, Italy and Sweden to Germany. The move was criticised by the German Hotel Association as Booking.com abusing its position and causing “bewilderment and confusion”. In April the German anti-trust regulator, the Bundeskartellamtt, announced that it would ban ‘best price’ clauses [...]
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    Delta moves against meta-search

    Delta Airlines confirmed that it has removed its fares from a number of meta-search sites, including TripAdvisor and Fly.com The news came after Ryanair was told by the European Court of Justice that it had the right to block meta-search websites from using its data, as suppliers start to fight back against price comparison websites. [...]
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    ‘Big three’ continue to take market share

    The ‘Big Three’ of The Priceline Group, Expedia and TripAdvisor will generate a combined USD80bn in hotel and holiday bookings this year, according to an analyst from Cowen & Co. The note added that the trio had continued to take market share in the first quarter as demand remained strong. Cowen & Co. analyst Kevin [...]